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2021
Edge Ai Hardware Market

Edge AI Hardware Market By Component (Processor, Memory, Sensor, and Others), Device Type (Smartphones, Cameras, Robots, Wearables, Smart Speaker, and Others), Process (Training and Inference), and End User (Consumer Electronics, Smart Home, Automotive, Government, Aerospace & Defense, Healthcare, Industrial, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13111
Pages: 280
Aug 2021 | 3185 Views
Author(s) : N N Kundan, Asavari Patil , Vineet Kumar
Tables: 157
Charts: 101
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COVID-19

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Edge AI Hardware Market Outlook – 2030 

The global edge AI hardware market size was valued at $6.88 billion in 2020, and is projected to reach $38.87 billion by 2030, registering a CAGR of 18.8% from 2021 to 2030. Edge AI hardware is a bunch of several devices that are utilized to power & process artificial intelligence-based robots & devices. These gadgets are utilized to coordinate and work on handling of artificial intelligence gadgets by processing information in the actual hardware.  

The Automotive industry impacted negatively, due to COVID-19 Pandemic outbreak.

Growth of the global edge AI hardware market is anticipated to be driven by factors such as emergence of AI coprocessors for edge computing and rise in IoT application by various end user industries such as automotive, consumer electronics, among others. In addition, increase in real-time low latency on edge devices boosts the overall market growth. However, power consumption & size constraint acts as a major restraint for the global edge AI hardware industry. On the contrary, rise in demand and adoption of artificial intelligence products & services is expected to create lucrative opportunities for the market.

Edge-AI-Hardware--Market

Segment Overview 

The global edge AI hardware market is segmented on the basis of component, device type, process, end user, and region. By component, the market is classified into processor, memory, sensor, and others. Depending on device type, it is categorized into smartphones, cameras, robots, wearables, smart speaker, and others. The process covered in the study include training and inference. On the basis of end user, it is classified into consumer electronics, smart home, automotive, government, aerospace & defense, healthcare, industrial, construction, and others. 

Edge AI Hardware Market
By Component

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Processor segment is projected to be the most lucrative segment during 2021 - 2030

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Region wise, the edge AI hardware market trend is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America dominated the edge AI hardware market in 2020, and is projected to register significant growth rate during the forecast period, owing to growth of the consumer electronics sector. However, Asia-Pacific is expected to witnesses significant growth rate by the end of the forecast period, followed by LAMEA.  

Edge AI Hardware Market
By Device Type

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Smartphones segment will dominate the market during the forecast period

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Leading edge AI hardware manufacturers such as Intel Corporation, Samsung Electronics Co., Ltd., and Google Inc. are focusing on their investments on technologically advanced, cost-effective, and more secure products and solutions for various applications.

Top Impacting Factors

Prominent factors that impact the edge AI hardware market growth are rise in investments in AI startups and increase in demand for smart homes & smart cities. In addition, surge in need for automation & safety in organizations drives the edge AI hardware market growth. However, lack of awareness among SMEs restricts the market growth. On the contrary, growth in adoption of robotics technology in emerging countries is expected to create lucrative opportunities for the market.

Edge AI Hardware Market
By Process

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Inference segment will dominate the market with a highest CAGR of 19.5% during 2021 - 2030

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Competitive Analysis

Competitive analysis and profiles of the major edge AI hardware market players such as Apple Inc., Google LLC (Alphabet Inc.), Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation (IBM), MediaTek Inc., Microsoft Corporation, NVIDIA Corporation, Qualcomm Technologies Inc., and Samsung Electronics Co. Ltd. (Samsung) have been covered in the report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

Edge AI Hardware Market
By End User

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Consumer Electronics segment will maintain the lead during the forecast period

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COVID-19 Impact Analysis

The outbreak of COVID-19 has significantly affected the electronics and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are expected to remain closed in 2021. Furthermore, partial or complete lockdown has disrupted global supply chain posing challenges for manufactures to reach customers.

The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the overall business globally. The crisis is creating uncertainty in the stock market and is resulting in falling business confidence, massive slowing of supply chain, and increase in panic among the customer segments.

Asian and European countries under lockdowns have suffered major loss of business and revenue, owing to shutdown of manufacturing units. Operations of production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease, which further impacted growth of the edge AI hardware market.

In addition, the COVID-19 pandemic has impacted the electronics sector, as production facilities have stalled, which, in turn, have propelled the demand for electronics and semiconductor products in the industries. Its major impact includes a large manufacturing interruption across Europe and interruption in Chinese part exports, which may hinder the market growth. 

Edge AI Hardware Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region would exhibit the highest CAGR of 22.1% during 2021 - 2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global edge AI hardware market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall edge AI hardware market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current edge AI hardware market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency. 
  • Porter’s five forces analysis illustrates the potency of the buyers and the edge AI hardware market share of key vendors.
  • The report includes the market trends and the market share of key vendors.

Edge AI Hardware Market Key Segments

By Component

  • Processor
    • CPU
    • GPU
    • ASIC
    • FPGA
    • Others
  • Memory
  • Sensor
  • Others

By Device Type

  • Smartphones
  • Cameras
  • Robots
  • Wearables
  • Smart Speaker
  • Other

By Process

  • Training
  • Inference

By End User

  • Consumer Electronics
  • Smart Home
  • Automotive
  • Government
  • Aerospace & Defense
  • Healthcare
  • Industrial
  • Construction
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China 
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Market Players

  • Apple Inc.
  • Google LLC (Alphabet Inc.)
  • Huawei Technologies Co. Ltd.
  • Intel Corporation
  • International Business Machines Corporation (IBM)
  • MediaTek Inc.
  • Microsoft Corporation
  • NVIDIA Corporation
  • Qualcomm Technologies, Inc.
  • Samsung Electronics Co. Ltd. (Samsung)
 

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Edge AI hardware devices use artificial intelligence & edge computing to run machine learning tasks directly on connected edge devices. It provides several advantages such as lower data transfer volume, speed for real-time computing, privacy & security, high availability, and cost. There are many applications of these hardware to be expected in the future in several areas such as smart AI vision camera, smart energy, AI healthcare, entertainment, smart factories, and intelligent transportation systems.

Growth of the global edge AI hardware market is anticipated to be driven by factors such as emergence of AI co-processors for edge computing, and rise in IoT application by various end user industries such as automotive, consumer electronics, among others. In addition, increase in real-time low latency on edge devices boosts the overall market growth. However, power consumption & size constraint acts as a major restraint for the global edge AI hardware industry. On the contrary, rise in demand and adoption of artificial intelligence products & services is expected to create lucrative opportunities for the edge AI hardware industry.

Key players of the market focus on introducing technologically advanced products to remain competitive in the market. Acquisition and product launch are expected to be the prominent strategies adopted by the market players. North America accounted for a major share of the market in 2020, owing to the presence of major players in the region. However, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in adoption of edge AI hardware in a variety of fields.  

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FREQUENTLY ASKED QUESTIONS?

A. The Edge AI Hardware Market is estimated to grow at a CAGR of 18.8% from 2021 to 2030.

A. The Edge AI Hardware Market is projected to reach $38.87 billion by 2030.

A. To get the latest version of sample report

A. Rise in investments in AI startups and increase in demand for smart homes & smart cities etc. boost the Edge AI Hardware market growth.

A. The key players profiled in the report include Apple Inc., Google LLC (Alphabet Inc.), Intel Corporation, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Edge AI Hardware Market is segmented on the basis of component, device type, process, end user, and region.

A. The key growth strategies of Edge AI Hardware market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Asia-Pacific region would grow at a highest CAGR of 22.1% during the forecast period.

A. Processor segment will dominate the market by the end of 2030.

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